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Lottery Agreement

I'm thinking about setting up a group buy for lottery tickets, specifically powerball. I was wondering if there was a way to legally setup a contract that everyone in the group signs that legally obligates them to share their lottery winnings with the group if they should win.

Yes, there are ways to do it, but you should have an attorney draft such a document for you. I believe some states also have a limit of how many payees are allowed. If you have 10 in your agreement and the state will only pay 5 then you have legal problems brewing. An attorney can help avoid those kind of problems. What you are proposing is not at all unusual, but the details vary by state.

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